India scouts Rs.7,000-cr infra investment

In its quest to match the huge infra deficit, India has set its sight on the global investors to mop up a staggering sum of Rs.7,000 core and is currently scouting for global investors to achieve the laid down infra investment targets, CEO, LSE, Nikhil Rathi said. He added that India is currently the fastest growing economy in G-20, with 7 per cent GDP growth per annum and there is a huge demand for infrastructure investment in the country. On this score, the country has got aggressive and is going global and looking for global investors and London is a natural place for it. The London Stock Exchange (LSE) saw listing of bonds worth Rs.7,000 crore recently, as the Road Transport Minister Nitin Gadkari launched Rs.5,000-crore worth NHAI bonds. And Power, Coal and Renewable Energy Minister, Piyush Goyal had also kicked off trading of papers of Rs.2,000 crore from India’s biggest power generation utility NTPC. The ambitious target will be delivered effectively. The Indian government believes that London will continue to remain the premier global financial centre and the place where India will look forward for infrastructure, he insisted.